Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Report: Tiger gets $100M, Rory $50M for loyalty

Written by 
Published in Breaking News
Wednesday, 24 April 2024 15:47

Tiger Woods, Rory McIlroy and other PGA Tour stars are about to receive massive bonuses for their loyalty.

The Telegraph reported Wednesday that Woods will receive up to $100 million in equity as part of the newly created for-profit PGA Tour Enterprises, with McIlroy getting about half that amount.

The payouts, which are set to be disclosed to the players by PGA Tour commissioner Jay Monahan on Wednesday, are a way to thank players for sticking with the PGA Tour instead of jumping to the rival LIV Golf League and huge paydays from Saudi Arabia's Public Investment Fund.

Nearly 200 players will receive a stake, with $750 million of it going to the top 36 players based on a formula that weighs career success and cultural popularity, according to The Telegraph. Other notable payouts include $30 million each for Jordan Spieth and Justin Thomas, while $75 million is targeted to go to notable retired players.

To receive the money, players would have to continue to remain loyal to the PGA Tour, with the funds vesting over the next eight years, according to The Telegraph. And going forward, the PGA Tour plans to award $100 million per year to the players.

PGA Tour Enterprises received an investment of up to $3 billion earlier this year from Strategic Sports Group, a consortium of sports team owners that includes the New York Mets' Steve Cohen and the Atlanta Falcons' Arthur Blank.

Sources also confirmed to ESPN on Tuesday that McIlroy is set to return to the PGA Tour's policy board. That move is pending a board vote that could take place this week.

Field Level Media contributed to this report.

Read 24 times

Soccer

England star Kirby to leave Chelsea this summer

England star Kirby to leave Chelsea this summer

EmailPrintOpen Extended ReactionsEngland star Fran Kirby announced on Saturday she will leave Chelse...

Wrexham release 8 players including captain Young

Wrexham release 8 players including captain Young

EmailPrintOpen Extended ReactionsFirst-team captain Luke Young and club captain Ben Tozer have been...

Martino: Miami not in position to sign Di María

Martino: Miami not in position to sign Di María

EmailPrintOpen Extended ReactionsInter Miami CF head coach Gerardo "Tata" Martino shut down the poss...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Magic 'stay the course,' overcome Mitchell's 50

Magic 'stay the course,' overcome Mitchell's 50

EmailPrintOpen Extended ReactionsORLANDO, Fla. -- The Orlando Magic huddled up four minutes into the...

George, Harden mum on future as Clips fall again

George, Harden mum on future as Clips fall again

EmailPrintOpen Extended ReactionsDALLAS -- After losing in the first round with Kawhi Leonard injure...

Baseball

Yankees ace Cole to throw off mound Saturday

Yankees ace Cole to throw off mound Saturday

EmailPrintOpen Extended ReactionsNEW YORK -- Yankees ace Gerrit Cole is scheduled to throw off a mou...

Buehler seeking big-league adrenaline for return

Buehler seeking big-league adrenaline for return

EmailPrintOpen Extended ReactionsLOS ANGELES -- As he neared the end of a 20-month-long rehabilitati...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated